Aer Lingus upgrades full year outlook August 31, 2011 IRISH airline Aer Lingus saw a surge in second quarter profits but blamed the effects of industrial action by its cabin crew for overall losses in the first half of the year. The airline, which is owned in part by the Irish government and Ryanair, posted an operating loss of almost €28m (£24.6m) in the [...]
British Airways owner and Ryanair post increase in passenger traffic August 3, 2011 BRITISH Airways parent company IAG yesterday reported a 3.5 per cent jump in traffic for July. The figure, measured in revenue passenger kilometres, grew to 16.1bn. However, the actual number of passengers decreased 2.7 per cent to 5m. IAG, which was formed by the merger between Spanish carrier Iberia and BA, was boosted by a [...]
Ryanair loses Aer Lingus case July 28, 2011 Ryanair was yesterday dealt a blow by the Competition Appeal Tribunal, which ruled that the budget airline’s stake in Aer Lingus can be probed by UK watchdogs. Ryanair, the biggest shareholder in Aer Lingus, has previously had two hostile bids for the firm blocked under monopoly law. Ryanair said it plans to appeal, after arguing [...]
BAA narrows losses as traffic grows but a legal threat over charges looms July 27, 2011 BAA, the owner of Stansted and Heathrow, reported smaller losses for the first half of the year, boosted by more passengers using its airports. The airport operator made a pre-tax loss of £249m in the six months to June, down from £279.7m for the same time last year. Traffic across its London airports increased by [...]
Ryanair sees profit dented by the soaring price of fuel July 25, 2011 RYANAIR, Europe’s largest low-cost airline, posted quarterly profits below market expectations due to higher fuel and operating costs yesterday. The Irish airline, which operates more than 1,500 flights a day, said it expects average income yields to rise by 12 to 15 per cent in its second quarter ending in September, but warned that traffic [...]
Ryanair profit hit by soaring fuel costs July 25, 2011 Ryanair, Europe’s largest low-cost airline, posted quarterly profits below market expectations due to higher fuel and operating costs. The Irish airline, which operates more than 1,500 flights a day, said it expects average income yields to rise by 12 to 15 per cent in its second quarter ending in September, but warned traffic would fall [...]
BAA mulls a fresh lawsuit in sell-off spat July 19, 2011 BAA said it is considering judicial review after the Competition Commission ruled yesterday that the airport operator must sell Stansted and Glasgow or Edinburgh airport. In its final report, the commission said that the sales process for London’s third-largest airport Stansted would start in three months’ time, and would be followed by the sale of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 13, 2011 FINANCIAL TIMES WATCHDOG IN PENSION VICTORY Britain’s Pensions Regulator has dropped the threat of action against US-based Chemtura Corp and its UK subsidiary, after the company agreed to pay £60m into its pension scheme over the next three years. In December 2010, the regulator issued a formal warning to Chemtura Corp and Chemtura Manufacturing UK that [...]
Ticket sales enjoy jump at easyJet July 6, 2011 NO-FRILLS airline easyJet yesterday reported a 9.1 per cent rise in passenger numbers in June compared with last year, in line with its rivals, as its expansion plan takes flight. In the 12 months to June, easyJet sold 53.36m seats on its flights – a jump of 12 per cent on last year. The rise [...]
IAG traffic up on premium travel growth July 5, 2011 INTERNATIONAL Airlines Group (IAG), formed by the merger of BA and Iberia, posted a rise in passenger traffic for June thanks to growth in first-class and business-class travel. Traffic, measured in revenue passenger kilometres, rose 9.2 per cent versus June 2010, while passenger load factor – a measure of how well it fills its planes [...]